PUBLISHER: KBV Research | PRODUCT CODE: 1292616
PUBLISHER: KBV Research | PRODUCT CODE: 1292616
The North America Construction Worker Safety Market would witness market growth of 9.7% CAGR during the forecast period (2023-2029).
The protective equipment used by construction workers is purpose-built to shield workers from any and all dangers they may face on the job. On construction sites, such as those for constructing infrastructure, buildings, and industrial facilities, in addition to other construction utility operations, these injuries can range from minor to fatal. Since the establishment of safety programs, workplace safety initiatives have shifted from identifying unsafe conditions to recognizing risks for prevention-based programs that prioritize education, training, and spotting issues before someone is hurt.
Because businesses recognize that adopting a proactive strategy for injury prevention and treatment reflects their commitment to their employees' well-being, workplace safety has become a major concern. Construction sites' hazardous working conditions generate demand for goods in the market. Key companies in the market are also introducing fresh trends in smart PPE (personal protective equipment). Smart PPE with Bluetooth can link to the internet and other devices to deliver real-time worker safety information. Additionally, it aids in the collection of data regarding worker movements and alerts users to possible placement changes. These developments are anticipated to present an attractive potential for the expansion of the market share.
People who died from caught-in/between accidents (5.4%) remained largely stable. However, the rate of fatal injuries among Hispanic construction workers is particularly alarming, having increased by almost 90% between 2011 and 2019, exceeding their employment growth in the sector. Even though they made up only 39% of the payroll workforce in the construction industry between 2015 and 2017, small companies with fewer than 20 employees were responsible for 75% of fatal falls. The use of construction worker safety equipment will increase due to the rising number of fatalities and injuries in the industry and the increasing efforts to reverse this trend, fueling market expansion in North America.
The US market dominated the North America Construction Worker Safety Market by Country in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $1,226.6 Million by 2029. The Canada market is poised to grow at a CAGR of 11.8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 11.6% during (2023 - 2029).
Based on Type, the market is segmented into Personal Protective Equipment, Fall Protection Equipment and Safe Excess Equipment. Based on Application, the market is segmented into Worker Body Safety and Workplace Safety. Based on Construction Type, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, Honeywell International, Inc., Hilti AG, MSA Safety Incorporated, DuPont de Nemours, Inc., Ansell Ltd., Mallcom Limited, Radians, Inc. (Safety Supply Corporation), ESC Consultants, Inc. (ERM Group Company), and Rock Fall Ltd.
Market Segments covered in the Report:
By Type
By Application
By Construction Type
By Country
Companies Profiled
Unique Offerings from KBV Research
List of Figures